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China Animal - Force to be reckoned with
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GuavaXF30
Master |
29-Feb-2012 12:08
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No I do not know that case but the offer has to still be at the recent average price. They cannot just make any offer. So likely, just like Tangs, the shareholders were screwed by majority owner. Tangs had claimed losses for more than ten years till price from high of more than $3.00 drop to below .80 cents. But all along they owned the goldmine property at Orchard Road that they refused to capitalise. With CNA, they have been declaring profit and now dividend. So if they want to delist, it has to be above current price. Just how much above ?
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propertyinvestor
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29-Feb-2012 11:49
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You still remember what happen to FinaOne Corporation? The bugger delist here without a premium and a discount to their NAV and go relist in Taiwan for triple the price!
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GuavaXF30
Master |
29-Feb-2012 11:46
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No. To delist, they need to make an offer to all shareholders. Usually means must put a premium. Delisting is good news most times. Only example where it was bad news was with Tangs where the majority owner just kept bleeding the company over the years until valuation really bad, then delisted the company. Delisting price was based on avareage trading price but very very much lower than NTA in that case.
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propertyinvestor
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29-Feb-2012 11:33
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If it delist and leaves the listing on HK, wont the shareholders here be stuck? | ||||
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GuavaXF30
Master |
14-Feb-2012 09:19
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Keep a close watch on this. It may be the next target for play. Has not risen much and lately have noted some nibbling that is more than usual. BB's may be quietly accumulating....
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neutral
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10-Feb-2012 18:25
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can someone tell me what was the ipo price for China Animal Health? Anyone knows? |
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Nokita
Senior |
10-Feb-2012 11:08
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In tis market, no chance to 'quietly' collect. The better strategy is to block -- and it discourages accumulators.
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Howe123
Member |
09-Feb-2012 20:23
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so from the look of things, is it confirmed a delisting is imminent within the next 6 mths? | ||||
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gregorsamsa
Member |
09-Feb-2012 16:18
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That is one theory. But if they sell more shares to public, they would still have to buy it back as with most privatization exercises. My limited experience tells me that they should be quietly collecting shares then selling them. |
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focusy
Senior |
09-Feb-2012 14:19
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Always got big sell blocks, so how to move up? Why got sell blocks? :-) Not difficult to guess. It's to prevent the price from running high. Otherwise delisting exit price will have to be set higher,mah. U see Ernest has noted the big sell queues: |
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Howe123
Member |
09-Feb-2012 11:58
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today s-chips rallying again but this counter again not moving | ||||
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francisd
Veteran |
09-Feb-2012 10:34
Yells: "BUY LOW SELL HIGH" |
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All these takeover takes time to disscuss amongst the SS holders and agree the price and other things. So have to wait till they sort out all these things. BE PATIENT and you will make money. Cheers.
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GuavaXF30
Master |
09-Feb-2012 08:30
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May be soon. Pennies rally have been mostly rotational and fnuds are moving around. CAH shares had little volume but yesterday's volume picked up a little. I see this as possibly some nibling starting....
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Howe123
Member |
08-Feb-2012 22:17
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Despite China Animal Health's good results and good delistment potential, but why is this stock not rallying in this current broad penny rally? Even those lousy penny stocks including other s-chips oso rally liao. Anyone wanna share his views why?
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francisd
Veteran |
06-Feb-2012 12:52
Yells: "BUY LOW SELL HIGH" |
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Holding on... | ||||
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taybc1071
Senior |
06-Feb-2012 12:21
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Has been 025-0255 for quite some time. Time to move up. Be patience.
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francisd
Veteran |
06-Jan-2012 09:32
Yells: "BUY LOW SELL HIGH" |
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This counter is worth more than .30 cents( I believe the delisting price should be more than .30 cents). Hold on guys and buy if you have not bought. Cheers |
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francisd
Veteran |
06-Jan-2012 09:27
Yells: "BUY LOW SELL HIGH" |
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China Animal moving upwards, the DELISTING move may be on the cards looking at the high vol. Cheers. |
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joshliam
Member |
08-Nov-2011 16:27
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quietly moving downwards. any advice on this counter guys |
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hp3000
Senior |
01-Nov-2011 12:15
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By DBS vicker Expect attractive offer for delisting. On 18 Oct 2011, CAL announced that it is exploring a possible delisting from the SGX. The promoters of the delisting from SGX are keen and hence we believe the exit offer will be favourable to ensure success. Outlook continues to be positive. Export of FMD is another potential share price catalyst. We believe outlook will continue to be positive having obtained indicative orders for the next six to 12 months. Demand will be supported by high wholesale pork prices and strong domestic pork consumption. Potential export of animal foot and mouth disease (FMD) vaccine would be another stock catalyst. Maintain Buy, TP S$0.46. We have tweaked our EPS forecasts by -6.6%/-1.3% for FY11F/FY12F on slower than expected ramp up FMD in 3Q11, but expect margins to recover from 3Q11. We maintain our valuation and target price at 13x FY12F PE and S$0.46, supported by positive growth outlook and potential delisting. Exit offer needs to be attractive. SGX's " no objection" to CAL's potential delisting is subject to controlling shareholders abstaining from voting at the EGM. This means that it will be more difficult to achieve the " 75% present and voting in favour of the delisting" criteria at the EGM without controlling shareholders' vote (promoters have approximately 53%). The exit offer price needs to be attractive to win over the independent shareholders in order to fulfill the " 75% voting in favour" threshold. Also the EGM must fulfill the criteria of not more than “10% voting against” the delisting. Positive outlook Outlook continues to be positive sustained by strong domestic demand for pork. Outlook for the next 6-12 months remains positive with healthy indicative orders for its swine fever vaccines and PRRS vaccines from 17 provinces and municipalities worth approximately RMB25m and RMB50m respectively. Demand for drugs and vaccines will be supported by high wholesale pork prices (RMB25.47/kg on 21 October 2011) and strong domestic pork consumption. |
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